11107 Herrick Ave Save Request In-Person Tour Request Virtual Tour
Pacoima,CA 91331
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SR24216677
Year Built 2024
Lot Size 0.360 Acres
Property Description
Welcome to 11107 Herrick Ave, a remarkable investment opportunity featuring five beautifully detached, newly constructed turn-key units. With a robust return on investment at a 7% cap rate, this property shines as an exceptionally attractive opportunity for savvy investors. Three units feature three bedrooms and three bathrooms, while two units enjoy four bedrooms and three bathrooms that offer a convenient downstairs bedroom?ideal for multi-generational living. Each unit offers 1,200 square feet of living space, providing ample room for comfort. They feature a modern design and are filled with an abundance of natural light, enhancing their rental appeal and ensuring an effortless rental process. The outdoor quarters are designed with an emphasis on privacy, allowing residents to enjoy both indoor and outdoor living. While each unit maintains its own personal space, the outdoor areas provide a perfect blend of privacy and openness, offering an ideal setting for relaxation or entertainment. Units are also equipped with paid-off solar panels that significantly reduce utility costs. The property boasts a spacious 15,703 square foot lot, with residents having access to 200 feet of dedicated parking space. Situated off Van Nuys Blvd, residents benefit from a variety of surrounding dining options and convenient freeway access. Don?t miss your chance to add this lucrative property to your real estate portfolio?schedule a viewing today!
Location
State CA
County Los Angeles
Area Pac - Pacoima
Interior
Heating Solar
Cooling Central Air
Laundry None
Exterior
Exterior Feature Lighting
Pool None
Community Features Street Lights,Sidewalks,Gated
View Y/N Yes
View Neighborhood
Building
Lot Description No Landscaping
Story 2
Sewer Public Sewer
Water Public
New Construction Yes
Others
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard